The 2023 G20 Summit in Pragati Maidan, New Delhi concluded with significant developments and discussions among world leaders. One of the key moments was Prime Minister Narendra Modi’s ceremonial handover of the G20 presidency to Brazil’s President, Lula Da Silva, marking the end of the Delhi Summit. This symbolic gesture occurred during the third G20 session, aptly named “One Future,” at Bharat Mandapam in Delhi’s Pragati Maidan.

Day 2 of the Summit commenced with leaders from G20 nations, including US President Joe Biden, Rishi Sunak, the UK Prime Minister, and Canada’s Justin Trudeau, who came together at Rajghat to pay homage to Mahatma Gandhi. The leaders, alongside PM Modi, paid their respects at the Gandhi Memorial and participated in a tree-planting ceremony at Bharat Mandapam.

One of the most noteworthy aspects of the Summit was the unexpected consensus declaration adopted by the G20 nations. While the group is divided over the Ukraine conflict, the declaration called for all states to refrain from using force to seize territory, emphasizing the importance of peaceful conflict resolution, diplomacy, and dialogue.

Economically, the G20 pledged to promote equitable growth, reaffirming their commitment to exchange rate stability and endorsing recommendations for regulating crypto-assets. They also discussed a cryptocurrency roadmap, emphasizing the importance of fair competition and discouraging protectionism in global trade.

Addressing climate change, the G20 committed to phasing out unabated coal power and supporting the transition to low-carbon economies. They pledged to triple global renewable energy capacity by 2030 and increase sustainable finance. Additionally, they called for ambitious climate finance goals.

Recognizing global debt vulnerabilities, the G20 vowed to address debt issues in developing countries and called for swift resolution in Ethiopia’s case. They also affirmed their commitment to strengthening global health systems and building climate-resilient healthcare infrastructure in collaboration with multilateral development banks.

India’s G20 presidency focused on the theme “One Earth, One Family, One Future,” highlighting the interconnectedness of all living beings on Earth. The Summit emphasized environmentally sustainable choices and a cleaner, greener future.

In conclusion, the 2023 G20 Summit was a platform for world leaders to address critical global issues, including conflict resolution, economic stability, climate change, and healthcare. It marked a transition of leadership and a commitment to building a better future for all, embodying the spirit of unity and cooperation among nations.

Image is licensed under the Creative Commons Attribution 2.5 Argentina license and was created by Casa Rosada.